Focus Partners Advisor Solutions LLC Invests $1.10 Million in MetLife, Inc. $MET

Focus Partners Advisor Solutions LLC bought a new stake in shares of MetLife, Inc. (NYSE:METFree Report) in the 2nd quarter, HoldingsChannel reports. The firm bought 13,008 shares of the financial services provider’s stock, valued at approximately $1,101,000.

A number of other large investors have also recently added to or reduced their stakes in MET. Activest Wealth Management boosted its stake in shares of MetLife by 205.8% during the 4th quarter. Activest Wealth Management now owns 315 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 212 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of MetLife during the fourth quarter valued at $30,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of MetLife in the 4th quarter valued at $31,000. Prosperity Bancshares Inc purchased a new position in MetLife in the 4th quarter worth about $31,000. Finally, JPL Wealth Management LLC acquired a new stake in MetLife during the 3rd quarter worth about $33,000. 94.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on MET. JPMorgan Chase & Co. raised their target price on shares of MetLife from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of MetLife from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 15th. TD Cowen raised their price objective on shares of MetLife from $87.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Wall Street Zen cut shares of MetLife from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Piper Sandler increased their target price on MetLife from $86.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.07.

Read Our Latest Stock Analysis on MET

MetLife Price Performance

NYSE MET opened at $97.57 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market capitalization of $62.78 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 0.75 and a beta of 0.78. The company has a 50 day simple moving average of $91.52 and a 200-day simple moving average of $81.58. MetLife, Inc. has a 52-week low of $67.33 and a 52-week high of $100.93.

MetLife (NYSE:METGet Free Report) last released its earnings results on Wednesday, August 5th. The financial services provider reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.13. MetLife had a net margin of 4.57% and a return on equity of 23.39%. The company had revenue of $13.52 billion during the quarter, compared to the consensus estimate of $19.67 billion. During the same quarter in the prior year, the firm earned $2.02 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts predict that MetLife, Inc. will post 9.7 earnings per share for the current fiscal year.

MetLife Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Tuesday, August 4th will be given a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 4th. MetLife’s dividend payout ratio (DPR) is presently 45.40%.

MetLife declared that its board has authorized a share repurchase plan on Wednesday, August 5th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 4.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

MetLife Company Profile

(Free Report)

MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.

In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.

See Also

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Institutional Ownership by Quarter for MetLife (NYSE:MET)

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